Owens Corning has acquired another licensee of insulation maker UC Industries Inc. by purchasing Jannock Ltd.'s Celfortec business in Canada. Celfortec generated 1995 sales of C$20 million (US$15 million) from its factory in Valleyfield, Quebec. About 80 people work there.
When Owens Corning bought UC Industries in 1994, the deal gave the Toledo building products giant access to UC's Hydrovac technology that extrudes PS foam insulation into a long vacuum tube. Unlike standard PS foam extrusion, vacuum technology allows UC, based in Parsippany, N.J., and its licensees around the world, to make insulation in a range of densities.
A few months ago, Owens Corning bought a UC licensee in England, Linpac Insulation Products, from Linpac Plastics Ltd.
The Celfortec deal, announced Sept. 4, gives Owens Corning its first extruded PS insulation manufacturing plant in Canada. Celfortec was a division of Celfort Construction Materials Inc., an 80-percent-owned subsidiary of Toronto-based Jannock.
Terms were not disclosed.
The operation will become part of Owens Corning's Specialty & Foam Products business segment.
The Quebec plant becomes Owens Corning's fourth facility making extruded PS insulation. They include UC plants in Tallmadge, Ohio, and Rockford, Ill.; and two Linpac plants, one in Hartlepool, England, and the other in Barcelona, Spain.
Owens Corning also is building a fifth extruded PS plant in Nanjing, China.
Owens Corning also runs an expanded polystyrene insulation factory in Byron Center, Mich., obtained when it bought Falcon Manufacturing of Michigan Inc. in 1995.
``This, along with our six licensee affiliates, enables Owens Corning to be a significant global player in the foam insulation business,'' said Jerry Weinstein, president of the Specialty & Foam Products business.